Name: Generac Holdings Inc. (NYSE:GNRC) | Liabilities and Stockholders’ Equity (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Generac Holdings Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017
Short-term borrowings	77,514)	84,995)	72,035)	61,470)	23,760)	26,534)	39,282)	44,800)	52,343)	49,878)	58,714)	66,985)	57,031)	45,241)	45,583)	35,758)	23,995)	31,414)	20,602)	26,226)	22,155)	28,078)
Accounts payable	614,009)	697,486)	674,208)	611,181)	526,375)	387,933)	330,247)	272,745)	230,229)	266,917)	261,977)	241,290)	259,696)	290,871)	328,091)	287,718)	274,234)	228,070)	233,639)	190,207)	163,359)	159,448)
Accrued wages and employee benefits	61,249)	50,443)	72,060)	69,882)	67,494)	46,736)	63,036)	52,915)	36,937)	22,256)	41,361)	37,401)	30,289)	26,659)	40,819)	41,335)	32,820)	29,014)	27,992)	28,266)	23,765)	22,006)
Other accrued liabilities	415,730)	415,955)	331,674)	270,536)	214,387)	245,009)	204,812)	182,377)	164,179)	139,704)	132,629)	127,786)	130,891)	151,005)	144,236)	136,416)	147,628)	122,546)	105,067)	109,362)	93,343)	91,853)
Current portion of long-term borrowings and finance lease obligations	3,674)	4,279)	5,930)	4,945)	4,233)	4,053)	4,147)	3,421)	3,032)	4,261)	2,383)	2,554)	2,456)	2,203)	1,977)	51,886)	1,372)	1,593)	1,572)	104,682)	7,700)	14,515)
Current liabilities	1,172,176)	1,253,158)	1,155,907)	1,018,014)	836,249)	710,265)	641,524)	556,258)	486,720)	483,016)	497,064)	476,016)	480,363)	515,979)	560,706)	553,113)	480,049)	412,637)	388,872)	458,743)	310,322)	315,900)
Long-term borrowings and finance lease obligations, excluding current portion	1,286,499)	1,002,685)	902,091)	843,426)	842,607)	841,516)	841,764)	841,341)	841,116)	839,380)	837,767)	884,315)	883,476)	882,483)	876,396)	859,625)	908,066)	907,459)	906,548)	908,101)	1,007,235)	1,007,898)
Deferred income taxes	151,643)	163,843)	205,964)	175,665)	158,522)	122,196)	115,769)	105,520)	96,539)	93,430)	96,328)	92,520)	85,192)	78,877)	71,300)	68,380)	57,506)	49,140)	43,789)	49,528)	37,575)	27,376)
Operating lease and other long-term liabilities	360,041)	351,724)	341,681)	236,344)	176,365)	160,338)	179,955)	177,515)	184,956)	154,660)	140,432)	145,491)	143,950)	129,071)	95,647)	93,023)	93,364)	83,634)	76,995)	69,556)	66,633)	62,129)
Long-term liabilities	1,798,183)	1,518,252)	1,449,736)	1,255,435)	1,177,494)	1,124,050)	1,137,488)	1,124,376)	1,122,611)	1,087,470)	1,074,527)	1,122,326)	1,112,618)	1,090,431)	1,043,343)	1,021,028)	1,058,936)	1,040,233)	1,027,332)	1,027,185)	1,111,443)	1,097,403)
Total liabilities	2,970,359)	2,771,410)	2,605,643)	2,273,449)	2,013,743)	1,834,315)	1,779,012)	1,680,634)	1,609,331)	1,570,486)	1,571,591)	1,598,342)	1,592,981)	1,606,410)	1,604,049)	1,574,141)	1,538,985)	1,452,870)	1,416,204)	1,485,928)	1,421,765)	1,413,303)
Redeemable noncontrolling interests	82,830)	71,511)	58,050)	44,704)	37,245)	63,254)	66,207)	63,545)	61,019)	59,904)	61,227)	56,564)	59,117)	57,357)	61,004)	59,897)	53,035)	54,404)	43,929)	41,797)	37,796)	33,566)
Common stock, par value $0.01	727)	727)	725)	724)	723)	723)	721)	720)	720)	719)	717)	716)	715)	714)	712)	711)	710)	707)	708)	706)	705)	705)
Additional paid-in capital	967,819)	959,890)	952,939)	563,162)	542,893)	534,303)	525,541)	518,610)	512,318)	504,195)	498,866)	492,671)	485,703)	481,391)	476,116)	473,886)	468,598)	464,060)	459,816)	456,156)	454,763)	452,129)
Treasury stock, at cost	(475,294)	(471,833)	(448,976)	(358,634)	(358,481)	(358,362)	(332,164)	(331,513)	(331,415)	(331,386)	(324,551)	(324,351)	(324,149)	(324,115)	(321,473)	(321,397)	(321,052)	(321,025)	(294,005)	(293,969)	(293,684)	(263,636)
Excess purchase price over predecessor basis	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)
Retained earnings	2,210,582)	2,067,868)	1,965,957)	1,834,477)	1,710,464)	1,581,681)	1,432,565)	1,306,530)	1,190,749)	1,126,174)	1,084,383)	1,013,707)	939,618)	878,416)	831,123)	756,636)	687,772)	636,814)	616,347)	535,172)	495,463)	469,508)
Accumulated other comprehensive loss	(82,839)	(46,402)	(54,755)	(55,541)	(37,583)	(31,499)	(34,254)	(62,039)	(72,526)	(73,944)	(24,917)	(46,363)	(33,831)	(29,870)	(23,813)	(9,557)	(16,900)	(8,372)	(21,198)	(22,802)	(27,209)	(36,123)
Stockholders’ equity attributable to Generac Holdings Inc.	2,418,879)	2,308,134)	2,213,774)	1,782,072)	1,655,900)	1,524,730)	1,390,293)	1,230,192)	1,097,730)	1,023,642)	1,032,382)	934,264)	865,940)	804,420)	760,549)	698,163)	617,012)	570,068)	559,552)	473,147)	427,922)	420,467)
Noncontrolling interests	883)	478)	313)	205)	38)	(161)	(89)	(296)	(455)	45)	469)	4,951)	5,071)	5,535)	712)	472)	243)	126)	279)	102)	47)	(71)
Total stockholders’ equity	2,419,762)	2,308,612)	2,214,087)	1,782,277)	1,655,938)	1,524,569)	1,390,204)	1,229,896)	1,097,275)	1,023,687)	1,032,851)	939,215)	871,011)	809,955)	761,261)	698,635)	617,255)	570,194)	559,831)	473,249)	427,969)	420,396)
Total liabilities and stockholders’ equity	5,472,951)	5,151,533)	4,877,780)	4,100,430)	3,706,926)	3,422,138)	3,235,423)	2,974,075)	2,767,625)	2,654,077)	2,665,669)	2,594,121)	2,523,109)	2,473,722)	2,426,314)	2,332,673)	2,209,275)	2,077,468)	2,019,964)	2,000,974)	1,887,530)	1,867,265)

The balance sheet exhibits a significant expansion in total scale from March 2017 through June 2022, with total liabilities and stockholders' equity increasing from approximately 1.87 billion to 5.47 billion. This growth is characterized by a simultaneous increase in both total obligations and the equity base, though the growth in equity has outpaced the growth in liabilities over the long term.

Current Liabilities and Working Capital Obligations: Current liabilities grew from 315.9 million in March 2017 to 1.17 billion by June 2022. The primary driver of this increase is accounts payable, which rose from 159.4 million to 614 million, suggesting a substantial increase in the scale of operations and procurement. Other accrued liabilities also showed a strong upward trajectory, particularly from 2020 onward, increasing from 139.7 million in March 2020 to 415.7 million by June 2022.
Long-Term Debt and Obligations: Long-term liabilities increased from 1.09 billion in March 2017 to 1.79 billion in June 2022. Long-term borrowings remained relatively stable between 830 million and 900 million for several years but experienced a sharp escalation starting in late 2021, reaching 1.28 billion by June 2022. Additionally, operating lease and other long-term liabilities expanded significantly from 62.1 million to 360 million over the period.
Equity Growth and Retained Earnings: Total stockholders' equity experienced aggressive growth, rising from 420.4 million in March 2017 to 2.42 billion in June 2022. This expansion was driven largely by retained earnings, which grew from 469.5 million to 2.21 billion, indicating strong accumulated profitability. A notable increase in additional paid-in capital occurred between September 2021 and December 2021, jumping from 563.1 million to 952.9 million, which points to a significant capital infusion during that period.
Capital Structure and Leverage Trends: The composition of the balance sheet shifted toward a more equity-heavy structure. In March 2017, total liabilities were more than three times the size of total stockholders' equity. By June 2022, total liabilities were approximately 1.23 times the size of total equity. This trend indicates a reduction in financial leverage and a strengthened solvency position. The increase in treasury stock, which moved from -263.6 million to -475.3 million, reflects ongoing share repurchase activity despite the overall growth in the equity base.

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Generac Holdings Inc. (NYSE:GNRC)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data